YOOZOO(SZ:002174) Zheng Quan Zhi Xing·2025-08-22 11:14Core Viewpoint - Yoozoo Network Co., Ltd. has announced the early redemption of its convertible bonds ("Yoozoo Convertible Bonds") due to the stock price meeting the conditions for redemption, urging investors to convert their bonds before the deadline to avoid potential losses [1][2][6]. Group 1: Convertible Bond Redemption - The last conversion date for "Yoozoo Convertible Bonds" is August 27, 2025, after which unconverted bonds will be redeemed [1][2]. - The company’s stock price has been above 130% of the conversion price (13.13 CNY/share) for 15 out of the last 30 trading days, triggering the redemption clause [2][6]. - The board of directors approved the early redemption of the bonds on August 6, 2025, and authorized management to handle the related matters [2][6]. Group 2: Convertible Bond Issuance and Terms - The company issued 11,500,000 convertible bonds at a total value of 115 million CNY, with an initial conversion price of 17.06 CNY/share [2][3]. - The conversion price was adjusted to 16.97 CNY/share after a cash dividend distribution, and further adjusted to 16.92 CNY/share before the recent downward revision to 10.10 CNY/share [3][5]. - The bonds were listed on the Shenzhen Stock Exchange on October 21, 2019, under the code 128074 [2]. Group 3: Redemption Price and Process - The redemption price is set at 101.8575 CNY per bond, which includes accrued interest calculated based on a 2.0% annual interest rate [7][6]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on August 27, 2025 [7][8]. - The redemption funds will be transferred to bondholders' accounts on September 4, 2025, following the completion of the redemption process [7][8].